Loss Prevention

Unlocking the Business Benefits of IoT-Enabled Food Retail 
October 3, 2022 at 11:47 am

Amid evolving consumer preferences and a myriad of business challenges across food retail, organizations have turned to digital transformation as a source of support for their physical supply chain and stores. Among the most prevalent innovative adoptions is the applied use of Internet of Things (IoT) technology. However, as economic volatility has increased and consumer…

6 Ways Brands Can Avoid Gift Card Fraud
September 15, 2022 at 7:50 pm

Many brands launch gift card programs for all the right reasons: incremental sales, new customer acquisition, brand recognition, build customer loyalty, and more. Plus, consumers thrive on promotions, with 80 percent saying they plan to purchase more gift cards in 2022. However, gift card programs do come with risks. Unfortunately, gift cards are an appealing target…

Retailers Turn to Technology to Combat Organized Retail Crime
August 25, 2022 at 3:15 pm

Organized retail crime (ORC) is a plague that's spreading. It's infecting retailers, customers, stores, and online marketplaces. It has no cure, and retailers are forced to treat the symptoms with higher prices, increased security, and reduced hours. ORC starts in stores, cargo bays and other physical locations. Professional thieves steal thousands of dollars’ worth of…

Cybercriminals and the Fraud Threat of Buy Now, Pay Later
July 1, 2022 at 11:51 am

The second half of 2021 saw 35.5 billion online transactions processed with a global growth in volume of 44 percent year-over-year (YoY), according to a recent LexisNexis® Risk Solutions study. The study illustrated that accelerated digitalization, fueled by the pandemic, continues across a multitude of different demographics and geographies. This change in consumer mentality and…

How Reseller Abuse is Harming Retail — and What to Do About it
May 19, 2022 at 3:43 pm

Digital technologies have spurred the rise of resellers — individuals and organizations that look for opportunities and use bots to purchase goods instantly and at scale. Resellers may purchase discontinued or discounted merchandise, but often target the hottest items that consumers are waiting to purchase. And they’re dominating the fashion, technology, events and travel industries,…

Why Retailers Should Use Zero Trust to Combat the Surge in Ransomware
May 10, 2022 at 6:35 pm

Ransomware in retail is arguably the closest the public gets to seeing the devastation of cyberattacks. One day everything at the local grocery store is normal; the next, it can’t process card payments, restock shelves or perform even the simplest of automated tasks. One week, children are enjoying their favorite snacks; the next, the products…

Buy Now, Fraud Later?
April 19, 2022 at 10:12 am

Buy now, pay later (BNPL) companies are the new normal online, having quickly become a $100 billion industry in the past few years. This growth is attracting more users, companies and investors to the sector. Unfortunately, fraudsters will also inevitably follow suit, so the industry must remain vigilant. This article offers insights into how BNPL…

Your Data Can Become Your Best Detective to Hunt Fraud
April 19, 2022 at 9:41 am

We’ve all felt the shockwaves of the e-commerce eruption. It’s transformed the way people and businesses make payments. What’s more, the amount of data it’s creating is swelling with every second. In just 10 years, the amount of data in existence went from 1.2 trillion gigabytes to a whopping 59 trillion gigabytes — that’s a rise…

Preventing In-Store and Online Retail Theft
April 4, 2022 at 8:54 am

Retailers jumping to capitalize on e-commerce trends have embraced omnichannel, which continues to gain favor as a business strategy for brands. However, innovation by brands to appeal to shoppers is also finding favor with an unwanted audience: thieves. There has been ample progress within omnichannel organizations in recent years, as shoppers can now check product availability…

Critical Areas of Risk for Retailers to Focus On
March 31, 2022 at 5:34 pm

The very nature of a good retailer is to be agile. This ability is not only useful in deftly navigating changing customer demands, supply chain challenges, and competitive threats, but also in surviving the complex risk environment that we find ourselves in. Without a doubt, the last 24 months have certainly proven themselves to be…